Willco said:No.
Tell that to all the masterfully designed stuff that doesn't sell. Not because they're not good, but because of lack of brand recognition, marketing or whatever. There's a good vocal majority that thinks iRiver makes amazing products and none come close to what Apple sells, simply because they're iRiver.
Just because something sells doesn't make it a good deal. It definitely doesn't make it a good product.
Again, it's a ripoff. Apple should actually lower their price point. It's competitive in price alone with other players, but it also incredibly stripped down. It's a bunch of bullshit.
Steve Jobs could probably sell a brick that carried 3 GB of music with no screen and forced you to buy a separate adapter for headphones and glowed in the dark, call it the iPod Glow and it'd sell millions of units.
It'll sell because it's iPod. Not because it fits people's needs or is a good product. There are other products in the same market that do the same thing in the same price range with a fucking screen and standard issue features.
Your "Apple fanboys will buy anything with the Apple name on it" act is getting tiresome. They wouldn't buy a complete piece of shit like you describe, and you know it. It's very easy to ruin a brand image. This isn't the sort of move that will completely ruin it; in fact, it's very good business sense. It's disastrous for consumers, but it's very good business sense.
BTW, I've read a few customer reviews of the BUSlink stuff you're whoring on Amazon, Yahoo, and elsewhere. Negative across the board: poor internal software, they often break entirely, and support/warranty service is almost nil. The $20 savings doesn't seem like it's much of a savings with that in mind.